Diversified industrial manufacturer Eaton Corp. plc has completed its acquisition of electrical equipment supplier Cooper Industries plc. The acquisition was announced on May 21, 2012, and combines Eaton and Cooper into a new, premier global power management company named Eaton Corp. plc.
“The $13 billion acquisition of Cooper, the largest in Eaton's 101-year history, is a transformational milestone that expands our market segment reach, broadens our portfolio of products, services and solutions, and strengthens our global geographic footprint,” said Alexander M. Cutler, Eaton chairman and CEO.
“Cooper adds proven capabilities in utility power distribution, smart grid, lighting, lighting controls, wiring devices and safety solutions to Eaton's strengths in power quality, power distribution and energy services,” Cutler said. “These complementary technologies further accelerate Eaton's growth as a global integrated power management company focused on one of the most challenging megatrends of our time: the rising costs and increasing environmental impact of the world's growing energy use.”
For more information, visit www.eaton.com.